Maxim Group Upgrades Westwater Resources (NASDAQ:WWR) to "Strong-Buy"

Key Points

• Maxim Group upgraded Westwater Resources (NASDAQ:WWR) to a Strong-Buy, while HC Wainwright reiterated a buy with a $1.75 price target; the analyst consensus average target is about $1.88.
• Shares jumped roughly 6.1% on the news, opening at $0.68; the company carries a market capitalization of about $85 million, a negative P/E (-5.24), and a 12‑month trading range of $0.45–$3.75.
• Westwater has refocused on critical battery minerals, developing the Coosa Graphite Project to produce U.S.-based battery‑grade spherical graphite for lithium‑ion EV and energy storage markets.

Westwater Resources (NASDAQ:WWR - Get Free Report) was upgraded by research analysts at Maxim Group to a "strong-buy" rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Separately, HC Wainwright reissued a "buy" rating and set a $1.75 price objective on shares of Westwater Resources in a research report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Strong Buy" and an average target price of $1.88.

Westwater Resources Trading Up 6.1%

Shares of NASDAQ:WWR opened at $0.68 on Wednesday. The business has a 50-day moving average price of $0.77 and a 200 day moving average price of $1.03. The company has a market capitalization of $84.96 million, a price-to-earnings ratio of -5.24 and a beta of 1.69. Westwater Resources has a 12-month low of $0.45 and a 12-month high of $3.75.

Hedge Funds Weigh In On Westwater Resources

Several institutional investors have recently bought and sold shares of the company. Baader Bank Aktiengesellschaft acquired a new position in Westwater Resources in the 3rd quarter valued at about $29,000. Pilgrim Partners Asia Pte Ltd acquired a new position in Westwater Resources in the 4th quarter valued at about $50,000. Centiva Capital LP acquired a new position in Westwater Resources in the 3rd quarter valued at about $64,000. Evernest Financial Advisors LLC acquired a new position in Westwater Resources in the 3rd quarter valued at about $95,000. Finally, Alps Advisors Inc. acquired a new position in Westwater Resources in the 4th quarter valued at about $89,000. 7.72% of the stock is owned by institutional investors and hedge funds.

About Westwater Resources

Westwater Resources, Inc NASDAQ: WWR is a Houston‐based mineral development company focused on advancing sustainable sources of battery‐grade graphite for the lithium‐ion battery market. The company's primary asset is the Coosa Graphite Project in east‐central Alabama, where Westwater is working to establish a fully integrated, U.S.‐based supply chain for natural spherical graphite. By leveraging in‐house purification and spheronization technology, Westwater aims to produce high‐purity graphite suitable for electric vehicle and stationary energy storage applications.

Originally founded as a diversified natural resources company, Westwater Resources has realigned its strategy toward critical battery minerals.

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